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Motilal Oswal Report
The Competition Commission of India has imposed penalties of Rs 7.52 billion on United Breweries Ltd. and Rs 1.22 billion on Carlsberg India, (unlisted).
No penalty has been imposed on Anheuser-Busch InBev/SABMiller as it is the whistleblower.
The penalty on United Breweries comes on the back of a detailed probe ordered four years ago with regard to alleged cartelisation and price fixing by all the three major beer players that came to light when AB InBev (after its global acquisition of SABMiller) came to acquire the business of SABMiller India.
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